Curtiss-Wright (NYSE:CW) Shares Up 1.9% – Still a Buy?

Curtiss-Wright Co. (NYSE:CW) rose 1.9% during mid-day trading on Monday . The stock traded as high as $290.90 and last traded at $308.79. Approximately 325,522 shares were traded during trading, an increase of 25% from the average daily volume of 259,896 shares. The stock had previously closed at $302.91.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup began coverage on shares of Curtiss-Wright in a research note on Tuesday, January 21st. They issued a “buy” rating and a $410.00 price target for the company. Truist Financial raised their target price on shares of Curtiss-Wright from $333.00 to $357.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $386.86.

Curtiss-Wright Price Performance

The company’s 50-day moving average price is $327.23 and its two-hundred day moving average price is $346.93. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.69 and a quick ratio of 1.19. The company has a market capitalization of $10.84 billion, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. As a group, sell-side analysts expect that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, March 27th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is 7.96%.

Insiders Place Their Bets

In related news, VP George P. Mcdonald sold 148 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total value of $48,160.68. Following the completion of the transaction, the vice president now owns 1,899 shares of the company’s stock, valued at $617,953.59. The trade was a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lynn M. Bamford sold 8,289 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $346.87, for a total transaction of $2,875,205.43. Following the sale, the chief executive officer now directly owns 38,905 shares of the company’s stock, valued at $13,494,977.35. This represents a 17.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,797 shares of company stock worth $7,436,255 in the last quarter. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Atomi Financial Group Inc. bought a new position in shares of Curtiss-Wright in the 4th quarter valued at $239,000. Truist Financial Corp grew its position in Curtiss-Wright by 6.2% in the fourth quarter. Truist Financial Corp now owns 14,230 shares of the aerospace company’s stock valued at $5,050,000 after acquiring an additional 825 shares during the last quarter. Athena Investment Management acquired a new position in Curtiss-Wright during the fourth quarter worth about $302,000. Daiwa Securities Group Inc. lifted its holdings in shares of Curtiss-Wright by 1,694.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 11,863 shares of the aerospace company’s stock worth $4,210,000 after acquiring an additional 11,202 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in shares of Curtiss-Wright by 21.8% in the 3rd quarter. MML Investors Services LLC now owns 9,786 shares of the aerospace company’s stock valued at $3,217,000 after purchasing an additional 1,754 shares in the last quarter. 82.71% of the stock is currently owned by institutional investors and hedge funds.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.